OFFICE OF FISCAL ANALYSIS

Legislative Office Building, Room 5200

Hartford, CT 06106 (860) 240-0200

http://www.cga.ct.gov/ofa

HB-7253

AN ACT CONCERNING MINOR REVISIONS AND ADDITIONS TO THE EDUCATION STATUTES.

AMENDMENT

LCO No.: 8222

File Copy No.: 791

House Calendar No.: 367


OFA Fiscal Note

State Impact:

Agency Affected

Fund-Effect

FY 18 $

FY 19 $

Teachers' Retirement Bd.

GF - Cost

See Below

See Below

Note: GF=General Fund

Municipal Impact:

Municipalities

Effect

FY 18 $

FY 19 $

Local and Regional School Districts

Savings

See Below

See Below

Explanation

The amendment deletes language that requires reemployed retired teachers to be eligible for the same health insurance benefits paid to active teachers. This will allow a reemployed retiree to maintain their Teachers' Retirement Board (TRB) health insurance benefit, resulting in potential costs to the TRB health accounts and a potential saving to the local and regional school districts. Statewide, less than 1% of Teachers' Retirement System retirees are rehired each year for varying periods of time.

The amendment also makes other technical changes which have no fiscal impact.

The preceding Fiscal Impact statement is prepared for the benefit of the members of the General Assembly, solely for the purposes of information, summarization and explanation and does not represent the intent of the General Assembly or either chamber thereof for any purpose. In general, fiscal impacts are based upon a variety of informational sources, including the analyst's professional knowledge. Whenever applicable, agency data is consulted as part of the analysis, however final products do not necessarily reflect an assessment from any specific department.